Why IMPT is a Strong Buy This Week After Meeting Support With Global Rollout Network Ahead

IMPT is turning into one of the industry’s hidden gems as it becomes a strong buy this week after meeting the support at the .618 Fib Retracement, often considered the Golden level to place buy orders.

With the innovative Global Rollout Network springing into action to expand IMPT Planet’s Loyalty Program, IMPT is shaping up for an explosive ride ahead.

The recent retracement has provided the perfect entry opportunity in the market for traders to start loading up their bags.

Keep reading to discover why IMPT is an opportunity you don’t want to miss in the coming weeks.

Traders Turn Bullish on IMPT As Planet’s Loyalty Program Starts to Take Shape

Traders are starting to turn bullish on IMPT as the Planet’s Loyalty Program starts to take shape.

IMPT is an ecosystem that connects socially responsible brands with individuals that want to reduce their carbon footprints through online and offline shopping.

The project recently released its platform on Google and Apple app stores and is starting to unveil its Global Rollout Network, designed to expand the reach of the Planet’s Loyalty Program to onboard retails into the shopping ecosystem.

IMPT has created an intuitive platform that lets users acquire carbon credits while they do their regular shopping, allowing them to make a positive impact on the environment without changing their lifestyle.

The platform has managed to attract over 10,000 of the world’s biggest brands, including Amazon and Alibaba. In addition, global names like Nike, Samsung, River Island, and Netflix are also onboarded as retailers.

These retailers have allocated a specific percentage of their sales margin for environmental projects like the Planet’s Loyalty Program.

Every time a user makes a purchase through the IMPT Shopping Platform, the sales margin is held in the user’s account in IMPT tokens until they have enough to swap them for a carbon credit.

Once they’ve earned enough IMPT to acquire the carbon credit, shoppers can choose to hold, trade, or retire the carbon credit to help push the world into a sustainable future.

IMPT Price Analysis – .618 Golden Fib Retracement Can Hold the Market

The price of IMPT has been on a wild ride since mid-May after surging by over 200% from the low price of $0.004 to reach as high as $0.012 at the start of July.

From there, IMPT started to pull back over through the month until support was found earlier this week at $0.0068.

This support is provided by a .618 Fibonacci Retracement level – often considered the Golden Retracement level for traders to place buy orders.

Since hitting this support, IMPT has been trading in a very tight range between $0.0074 and $0.0068.

Recently, IMPT did fall beneath this support but is holding near the level very well, indicating that it shouldn’t fall too much further.

The market must break out from this range to dictate the next direction for IMPT.

If the buyers return and push IMPT higher, the first resistance level is expected at $0.008. This is followed by resistance at $0.01.

Beyond $0.01, resistance lies at $0.012 (July highs), $0.013, $0.0142 (1.272 Fib Extension), $0.0154 (.1414 Fib Extension), and $0.018.

On the other hand, support is first located at $0.0068. A break beneath the .618 Fib Retracement would result in IMPT heading lower to find support at $0.006, $0.00543 (.786 Fib Retracement), $0.005, and $0.0046 (.886 Fib Retracement).

Why is the Global Rollout Network so Important for IMPT?

The Global Rollout Network is crucial for IMPT because it will expand the reach of the Planet’s Loyalty Program, accelerating the adoption of retailers in local areas.

Although IMPT already has 10,000 major brands onboard, shoppers will still have to make their purchases through the IMPT shopping app online.

The Global Rollout Network will help more retailers onboard for offline sales, allowing users to shop in their local areas and make purchases through IMPT to earn carbon credits.

Is this a Good Time to Get Positioned?

So, is now an excellent time to get positioned in IMPT? Well, the short answer is definitely yes.

IMPT has been trading for a few months now, allowing it to shake out the weak hands and let strong holders believe in the future of the token.

With the Global Rollout Network starting to flourish, country and area partners will need to purchase IMPT tokens to acquire the rights to represent the Planet’s Loyalty Program in their countries, providing market demand and helping prices rise.

Furthermore, as more retailers start to be onboarded to the ecosystem, the utility for IMPT will rise – helping it provide more value over the long term.

Overall, IMPT is a groundbreaking ecosystem that’s only getting better. The recent retracement has given everybody the perfect opportunity to start loading up their positions in the project, allowing them to get ready before the price surges.

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